Bidding on a HUD Home - Part III
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7:33
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this assumes that the hud home is already listed at the absolute lowest price that hud will ever accept. I was looking at a house listed at $73k. I wasn't ready to act, and a few days later the house was listed at $48k, and I missed the purchase.
satchmob 5 months ago
At 2:31 she says: "...an eleven percent discount of an already reduced price." It IS NOT A DISCOUNT - it's just the seller's costs of sales being subtracted from their gross sales price of $200 K. Just like any seller of a home figures their net after costs of selling are deducted in escrow. The price you pay is $200 K - not $178 K - NO DISCOUNT - you are just getting a credit for your closing costs.
NovaProperties 1 year ago